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EDA Agenda 12-09-2020 (Workshop Meeting)AGENDA WORKSHOP MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, December 9, 2020 — 4:30 p.m. Academy Room, Monticello Community Center Participants can choose to attend in -person or remotely via Go -To: Web: https:Hglobal.gotomeeting.com/aoin/950625109 Phone: (872) 240-3212 1 Access Code: 950-625-109 Commissioners: President Steve Johnson, Vice President Bill Tapper, Treasurer Jon Morphew, Tracy Hinz, 011ie Koropchak-White, and Council members Lloyd Hilgart and Jim Davidson Staff: Rachel Leonard, Angela Schumann, EDA Executive Director Jim Thares, Jacob Thunander, Sarah Rathlisberger, Liz Lindrud and Jeff O'Neill 1. Call to Order 2. Roll Call 3. Discussion -Review of EDA Owned Land in the City 4. Discussion of 2021 EDA Workplan Formation 5. Adj ournment - - -T r AVCity of Monticello 1 p EDA & City Owned Parcels in City and Annexation Downtown Area 4. 17 , r s - t • 1 a �► "K///.////yam �. ♦ .. fj+t` t t ' �' M� R r Af . * L� • • , )AIWI Jor A)`Wk ` . - j� "`' �,�►t. -.J Wit` ,.. }f r ! M ' A� ma's" �A. • 1( it �Qm.. Y _ IN ,• 'A -., >�ASP `• • stt , 1,: may. City Owned Parcels. .• N City of Monticello +, a - -- - µ '♦ ..fit �' • -. O � J 0 00 City Facility/Building �: t - w � .r ,; d , City of Monticello EDA ,. •� _ _F�"` ''' "! ,- •� ; +fir'° � � � Infrastructure �► - '' �` N*0 Park +'OW i ` ® City/County Park Right of Way • 4 t( Ap Sal • - Public Parking 4:t - City Boundary Annexation Area K f N+ Feet j; �....-. ...'Y PID Zoning Acres 155010001010 CCD-Central Community District 0.02 155010005090 CCD-Central Community District 0.49 155010006060 155010006100 155010011040 CCD-Central Community District CCD-Central Community District CCD-Central Community District 1.01 0.25 0.34 155010011050 CCD-Central Community District 0.17 155010012010 CCD-Central Community District 0.13 155010012011 CCD-Central Community District 0.13 155010012020 CCD-Central Community District 1.01 155010012060 CCD-Central Community District 0.92 155010013010 CCD-Central Community District 2.08 155010014010 CCD-Central Community District 0.91 155010017011 CCD-Central Community District 0.47 155010034040 CCD-Central Community District 0.50 155010034101 CCD-Central Community District 0.09 155010034102 CCD-Central Community District 0.19 155010034130 CCD-Central Community District 0.12 155010034150 155010034151 _ CCD-Central Community District CCD-Central Community District 0.13 0.12 155010035042 CCD-Central Community District 0.03 155010035061 CCD-Central Community District 0.07 155010036090 CCD-Central Community District 0.10 155010046050 R-2-Sin le Family & 2 Family Residential 0.52 155010050011 CCD-Central Community District 0.19 155010052071 CCD-Central Community District 0.22 155010052101 CM -Central Community District 0.01 155010052102 CCD-Central Community District 0.02 155010052110 CCD-Central Community District 0.43 155010052120 CCD-Central Community District 0.07 155010052131 CCD-Central Community District 0.12 155010054011 155010065010 CCD-Central Community District R-1-Single Family Residential 0.25 0.51 155010065020 CCD-Central Community District 0.28 155010065030 CCD-Central Community District 3.35 155010067010 CCD-Central Community District 0.62 155010067060 CCD-Central Community District 0.50 155010067100 CCD-Central Community District 0.23 155010072100 R-3-Medium Density Residential 0.03 155015037010 R-2-Single Famil & 2 Family Residential 2.54 155019007050 R-2-Single Family& 2 Family Residential 0.51 155031000010 R-1-Sin le Family Residential 1.37 155031000020 R-1-Sin le Family Residential 1.63 155040002101 CCD-Central Community District 0.01 155068000010 CCD-Central Community District 0.26 155068000020 CCD-Central Community District 0.11 155144000010 CCD-Central Community District 0.93 15522600003 R-3-Medium Density Residential 0.15 EDA & City Owned Parcels in City and Annexation Area City of Monticello ----J, I City Boundary Infrastructure Annexation Area - Park City/County Park ---I City of Monticello Public Parking ILJ-City Facility/Building \ � � City of Monticello EDA \ � I Vl t 1 r ' { It" I f - I � ^1 I v�---------------------`------------- r.. I I _r l / I ..------ ----J' � 1 a -------------11 ` ! t _+ 0 3,600 Feet# 1 inch =3,600 if PID Zoning Acres 15501,0001010 CCD-Central Community District 0.02 155010005090 CCD-Central Community District 0.49 155010006060 CCD-Central Community District 1,01 155010006100 CCD-Central Community District 0.25 155010011040 CCD-Central Community District 0.34 155010011050 CCD-Central Community District 0.17 155010011060 CCD-Central Community District 0.71 155010012010 CCD-Central Community District 0.13 155010012011 CCD-Central Community District 0.13 155010012020 CCD-Central Community District 1.01 155010012060 CCD-Central Community District 0.92 155010013010 CCD-Central Community District 2,08 155010014010 CCD-Central Community District 0.91 155010017011 CCD-Central Community District 0.47 155010034020 CCD-Central Community District 0.25 155010034030 CCD-Central Community District 0.25 155010034040 CCD-Central Community District 0.50 155010034080 CCD-Central Community District 0.25 155010034101 CCD-Central Community District 0.09 155010034102 CCD-Central Community District 0.19 155010034130 CCD-Central Community District 0.12 155010034150 CCD-Central Community District 0.13 155010034151 CCD-Central Community District 0.12 155010035010 CCD-Central Community District 0.05 15501003S011 CCD-Central Community District 0.70 155010035042 CCD-Central Community District 0.03 155010035061 CCD-Central Community District 0.07 155010036090 CCD-Central Community District 0.10 155010046050 R-2-Single Family & 2 Family Residential 0.52 155010050011 CCD-Central Community District 0.19 155010052071 CCD-Central Community District 0.22 155010052101 CCD-Central Community District 0.01 155010052102 CCD-Central Community District 0.02 155010052110 CCD-Central Community District 0.43 155010052120 CCD-Central Community District 0.07 155010052131 CCD-Central Community District 0.12 15501DO52132 CCD-Central Community District 0.10 155010052140 CCD-Central Community District 0.18 155010052150 CCD-Central Community District 0.23 155010054011 CCD-Central Community District 0.25 155010065010 R-1-Single Family Residential 0.51 155010065020 CCD-Central Community District 0.28 155010065030 CCD-Central Community District 3.35 155010067010 CCD-Central Community District 0.62 155010067060 CCD-Central Community District 0.50 155010067100 CCD-Central Community District 0.23 155010072100 R-3-Medium Density Residential 0.03 155011000151 1-2-Heavy Industrial 2.08 155011DO0161 A-O-Agriculture - Open Space 4.32 155011DO0180 B-2-Limited Business 5.64 155011000181 S-2-Limited Business 3.87 155011000201 ROW ROW 3.47 155011000213 A-O-Agriculture - Open Space 1.31 155012002081 R-1-Single Family Residential 0,06 155014003130 R-1-Single Family Residential 0.34 155014003140 R-1-Single Family Residential 0.37 155015017010 R-1-Single Family Residential 404 155015019012 ROW -ROW 0.32 155015037010 R-2-Single Family & 2 Family Residential 2.54 155015039011 B-1-Neighborhood Business 0.22 IS5015056000 1-1-Light Industrial 0.42 155018001012 B-4-Regional Business 2.64 155018001020 84-Regional Business 2.47 155018DO10SO 1.1-Light Industrial 8.55 155018003040 1-2-Heavy Industrial 3.21 155019007050 R-Z Single Family & 2 Family Residential 0.51 155020DO1040 R-1-Single Family Residential 0.29 155024000020 R-1-Single Family Residential 2.67 155026DO0010 ROW -ROW 1.55 155027001030 B-3-Highway Business 0.58 155027DO2020 B-3-Highway Business 0.63 155031000010 R-1-Single Family Residential 1.37 155031000020 1 R-1-Single Family Residential 1.63 155033000020 R-1-Single Family Residential 1.79 155033900010 R-3-Medium Density Residential 16.71 155035000010 R-2-Single Family & 2 Family Residential 3.89 155036001030 ROW -ROW 0.28 155036001040 ROW -ROW 0.47 155037001011 B-2-Limited Business 0.16 155040002101 CCD-Central Community District 0.01 155043000100 R-PUD-Residential Planned Unit Development 8.08 155043000500 R-PUD-Residential Planned Unit Development 10.90 155044000020 R-PU D- Residential Planned Unit Development 0.27 155044000030 R-PUD-Residential Planned Unit Development 0.68 155045000010 R-PUD-Residential Planned Unit Development 1.25 155048000010 R-2-Single Family & 2 Family Residential 1.67 155050000010 R-1-Single Family Residential 0.51 155053000010 R-3-Medium Density Residential 0.11 155057000010 ROW -ROW 0.11 155059D00010 R-PUD-Residential Planned Unit Development 0.51 155059000020 R-PUD-Residential Planned Unit Development 0.10 155059004010 R-PUD-Residential Planned Unit Development 0.39 155066000010 ROW -ROW 0.91 155066000020 ROW -ROW 1.02 155068000010 CCD-Central Community District 0.26 155068DOD020 CCD-Central Community District 0.11 155071000020 R-1-Single Family Residential 1.52 155073000010 R-1-Single Family Residential 2.59 155080000010 R-1-Single Family Residential 12.87 155080000020 R-1-Single Family Residential 0.15 15508200DO10 R-1-Single Family Residential 2.06 15508r.WWS0 R-1-Single Family Residential 7.47 155088000010 R-1-Single Family Residential 0.96 155089000010 R-1-Single Family Residential 0.49 155089000020 R-1-Single Family Residential 0.19 155090000060 R-1-Single Family Residential 0.33 155102000010 R-1-Single Family Residential 19.21 155103000010 R-1-Single Family Residential 0.12 155104000010 R-2-Single Family & 2 Family Residential 0.61 155109000010 R-1-Single Family Residential 0.05 155115000010 R-1-Single Family Residential 1.46 155115001011 R-1-Single Family Residential 1.69 155115002010 R-1-Single Family Residential 0.44 155115DO2020 R-1-Single Family Residential 1.59 155116000010 R-1-Single Family Residential 3.63 155116000020 R-1-Single Family Residential 3.22 155116000030 R-1-Single Family Residential 0.46 155116000040 R-1-Single Family Residential 0.40 155121000010 R-1-Single Family Residential 1.12 155121000020 R-1-Single Family Residential 0.13 155121000030 R-1-Single Family Residential 0.11 155123000010 R-1-Single Family Residential 1.52 155123000030 R-1Single Family Residential 6.54 155124000010 R-1-Single Family Residential 3.41 155125000080 B-3-Highway Business 6.53 155126000010 R-1-Single Family Residential 0.42 155126000020 R-1-Single Family Residential 0.07 155126000030 ROW -ROW 0.01 155132WW2,0 R-1-Single Family Residential 5.20 155132000030 R-1-Single Family Residential 3.51 155135000010 R-1-Single Family Residential 2.04 155138001031 ROW -ROW 0.00 155142000010 R-1-Single Family Residential 0.22 155144000010 CCD-Central Community District 0.93 155151000010 R-1-Single Family Residential 8.20 155151000020 R-1-Single Family Residential 29.09 155153001160 R-2-Single Family & 2 Family Residential 2.47 155155000010 R-1-Single Family Residential 0.52 155159000010 R-1-Single Family Residential 0.49 155159000020 R-1-Single Family Residential 18.74 155159000030 R-1-Single Family Residential 5.59 155159000040 T-N-Traditional Neighborhood Residence Area 0.65 155160000030 T-N-Traditional Neighborhood Residence Area 0.81 155164000020 B-4-Regional Business 2.83 155164000030 B-4-Regional Business 7.02 155164000040 B-4-Regional Business 6.14 155164000050 B-4-Regional Business 2.14 155164000070 B-4-Regional Business 2.04 155168000010 ROW -ROW 0,46 1551710000SO 1-1-light Industrial 34.12 155171000060 A-O-Agriculture - Open Space 13.67 155171000070 ROW -ROW 0.03 155172000010 R-1-Single Family Residential 5.01 155176001020 B-4-Regional Business 2.70 155176002010 B-4-Regional Business 2.53 155176002011 B-4-Regional Business 1.29 155177000010 R-1-Single Family Residential 7.39 155180000020 R-1-Single Family Residential 2,45 155183000010 R-A-Residential Amentities District 0.06 155185000010 1-1-Light Industrial 2.32 155185001011 B-3-Highway Business 0.27 155191000010 IBC -Industrial and Business Campus District 1.19 lSS191000020 1-1-Light Industrial 1.83 155194000010 I-1-Light Industrial 10.87 155194000020 1-1-Light Industrial 6.67 155194000040 1-1-light Industrial 5.01 155195000010 T-N-Traditional Neighborhood Residence Area 3.41 155196000030 A-O-Agriculture Open Space 2.55 155223000010 1-1-Light Industrial 5.28 155223000020 1-1-Light Industrial 2.54 ISS226000030 R-3-Medium Density Residential OAS 155252000020 A-O-Agriculture - Open Space 3.45 155500033102 R-2-Single Family & 2 Family Residential 2.87 155500034205 R-1-Single Family Residential 19.72 155500044400 R-1-Single Family Residential 1.15 155500101100 R-2-Single Family & 2 Family Residential 3.04 155500101101 R-2-Single Family & 2 Family Residential 0.17 155500101106 R-2-Single Family & 2 Family Residential 1.31 155500101405 R-2-Single Family & 2 Family Residential 1.04 155500101415 R-2-Single Family & 2 Family Residential 1.47 155500101419 R-3-Medium Density Residential 0.31 155500113310 ROW -ROW 1.38 155500113311 ROW -ROW 1.10 155500113416 ROW -ROW 0.07 155500124300 B-2-Limited Business 4.05 155500133100 ROW -ROW 2,51 155500134300 R-1-Single Family Residential 0.99 lSS500134400 A-O-Agriculture - Open Space 5,44 155500134403 R-1-Single Family Residential 5.00 155500134406 R-1-Single Family Residential 4.06 155500142107 ROW -ROW 1.96 155500142108 ROW -ROW 2.01 155SO0142210 B-3-Highway Business 4.11. 155500142300 B-3-Highway Business 3.77 155500142301 ROW -ROW 0.41 155500142303 B-3-Highway Business 2.97 155500142306 ROW -ROW 1.39 155500142308 B-3-Highway Business 12.53 155500142316 ROW -ROW 0.00 lSS500143401 ROW -ROW 0.20 155500144100 ROW -ROW 0.14 155500144200 ROW -ROW 0.11 155500182201 R-1-Single Family Residential 0.28 lSS500182300 A-O-Agriculture - Open Space 1.82 15SS00241102 A-O-Agriculture - Open Space 2.49 155500241103 A-O-Agriculture - Open Space 2.21 155500241104 R-A-Residential Amentities District 0.09 6111/2020 10:31 AM EDA Owned Land - Marketing and Development Goals Size Zoing District Potential Uses per Comp Plan & Zoning Code Marketing Brochure and Concept Completed Discussion w Developers Listed with Co -Star Loopnet and Price Property Address 103 Pine Street CCD Mixed Use Dev per SAS Yes, Marketing Brochure and concept done Yes per EDA RFP Process Yes 112 W River Street CCD Mixed Use Dev per SAS Yes, Marketing Brochure and concept done Yes per EDA RFP Process Yes 225 W River Street ICCD Open Greenway or future Dev. Not Applicable Not Applicable N/A 224 E 4th Street R-2 Low Density Multi -Family Dev. No Marketing Brochure Done; no concept done No Yes 255 E Broadway R-2 Low Density Multi -Family Dev. or Mixed Use Commerce -Res. Dev. Yes, Marketing Brochure and concept done Yes; 2x Yes 201 E Broadway R-2 Low Density Multi -Family Dev. or Mixed Use Commerce -Res. Dev. Yes, Marketing Brochure and concept done Yes; 2x Yes 249 E Broadway R-2 Low Density Multi -Family Dev. or Mixed Use Commerce -Res. Dev. Yes, Marketing Brochure and concept done Yes, 2x Yes 111 W Broadway ICCD Mixed Use Dev per SAS Yes, Marketing Brochure and concept done Yes per EDA RFP Process Yes 220 W Broadway CCD Open Greenway or future Dev. Not Applicable Not Applicable N/A 349 W Broadway CCD _ Monti Arts Building or future dev. Not Applicable for interim time period , Not Applicable N/A 1 W Broadway CCD Mixed Use Dev per SAS Yes, Marketing Brochure and concept done Yes per EDA RFP Process Not Yet 7 W Broadway CCD Mixed Use Dev per SAS Yes, Marketing Brochure and concept done Yes per EDA RFP Process Not Ye 1 W Broadway CCD I Mixed Use Dev per SAS Yes, Marketing Brochure and concept done Yes per EDA RFP 7th Street West Site 20 ac R-3 IHigh Density Multi -Family No Marketing Brochure Done; no concept done Yes, 2X and per EDA mtg 12-11-19 Purchased in 2018 Purchased in 2019 Purchased in 2020 Acquired in 1989? EDA Workshop Meeting—12-09-20 - 4:30 p.m. Academy Room and Go -To Item 3-Exh B - EDA Owned Land Development Priority Discussion Summary Information Downtown Block 52: Interest by developers remains strong; land assembly is the first priority as per EDA discussion at the November review of Block 52. It is possible that the City-EDA may be able to apply for MN -DEED Redevelopment Grant funds in mid-2021. After the Johnson property acquisitions, the EDA and City will control approximately 73 percent of the entire land area in the Block. This will allow a creative footprint for prospective developers. Downtown Block 34: Undefined future interest has been expressed by a developer. The main work on pursuing redevelopment of the Block is likely 24 months or possibly more into the future. The key challenge remains the small engineering firm located in the middle of several EDA owned properties. Staff remain optimistic that the right opportunity may be attractive to all impacted parties. Downtown Cedar Fair Site: Several developers have inquired about the parcel in the past two years. The site is identified in the Small Area Study as multi -family housing. A concept sketch was completed by Anderson Engineering indicating a multi -family development with a small corner commercial area. East 41" Street Property: These three parcels total about 1.63 acres in size. The surrounding area properties are single family uses. There is an apartment building along Cedar Street just to the west of the site. For a moderate level of density the site would need to be rezoned to something other than R- 2. 7`h Street Parcel along 1-94: There was brief interest in late 2019 for a dense multi -family development at the nearly 16-acre site. Changes in the MHFA funding process seem to affected the level of interest by the prospective developer. In late summer a housing developer that works on independent living projects asked about the site. Monticello MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY 2020 ANNUAL ECONOMIC DEVELOPMENT WORK PLAN EDA Purpose: The EDA is charged with coordinating and administering the City of Monticello's economic development and redevelopment plans and programs. The EDA is also responsible for housing and housing redevelopment. EDA Work Plan Mission Statement: The EDA's work plan is adopted in support of achieving the goals of the Monticello Comprehensive Plan and the 2017/2018 City Strategic Plan. The EDA will be proactive by developing and undertaking actions for achievement of the Comprehensive Plan's Economic Development goals and will be reactive in responding to economic development opportunities as they arise in the most timely and effective manner possible. The EDA shall utilize the economic development strategies of the Comprehensive Plan, including the Downtown Small Area Plan as a guide for action. Comprehensive Plan Goals: Attracting & Retaining Jobs Expanding Tax Base Enhancing Downtown Facilitating Redevelopment Supporting Life -Cycle Housing Choice 1 1 P a g e GOAL(S): FACILITATING REDEVELOPMENT Objective: Continue to support redevelopment efforts for publicly -owned properties on Block 52. Strategies: 1. Continue to focus on site control for a potential future targeted redevelopment in Block 52 as envisioned in the Downtown Small Area Study Plan. 2. Continue to collaborate with Beard Group, Inc. in the design of a redevelopment plan suitable for the Block 52 site(s). 3. Reconnect Walnut Street to River Street in support of redevelopment. 4. Remain open to strategic opportunities for redevelopment throughout the community. 5. Refocus on aggressively marketing Block 34 and the Cedar/Broadway site. GOAL(S): ENHANCING DOWNTOWN EXPANDING TAX BASE SUPPORTING LIFE -CYCLE HOUSING CHOICE FACILITATING REDEVELOPMENT Objective 1: Implement the recommendations of the Downtown Small Area Plan. Strategies: 1. Support and advocate for improvements to the downtown as envisioned in the Small Area Plan and Walnut Street Corridor Plan. 2. Develop and support the appropriate policies, programs, and incentives that enable the type of development described in the Plan. 3. Continue to build a funding base for use in property acquisition and redevelopment efforts in targeted areas. 4. Implement a fagade improvement program for desired revitalization areas. 5. Continue to meet with downtown property owners either in either an informal group setting (Downtown Rounds) or individually to understand their concerns with traffic, parking, land use and possible reinvestment in their property as well as willingness to sell, partner, price, etc. 6. Encourage continued incorporation of arts as an economic development tool for Downtown Monticello and the community at -large. 7. Support opportunities for park and pathway development as consistent with the Downtown Small Area Plan. 8. Encourage the redesign of the pathway connection under the MN TH #25 bridge to incorporate safety elements and improved lighting. 9. Ensure greenway and pedestrian/cycle connections are considered within the downtown and from the downtown to other areas within the community. 2 1 P a g e Objective 2: Develop and implement a comprehensive Marketing & Communication Strategy for priority sectors and locations. Strategies: 1. Engage a marketing intern to design and implement the Marketing & Communication Strategy in concert with the Communications Manager and Economic Development Manager. 2. Support the development of an economic development brand and implement in all sectors of economic development activities. 3. Enhance the brand and tell the story of Downtown Monticello. 4. Incorporate the marketing of EDA incentive programs in a more proactive manner, both within the community and beyond, a. Present existing and new incentive programs to smaller community groups, local banks, realtors, and local businesses either on in an informal group session or a formal roundtable format. b. Develop and communicate a "complete" development package program which provides support and assistance to prospects and developers from inquiry to construction. 5. Market industrial development at the Monticello Business Center (Otter Creek Business Park) to a broad variety of prospects as guided by the current and future Comprehensive Plan. a. Focus on prospects which serve or rely on the St. Cloud and Twin Cities markets. b. Focus on supply chain prospects. 6. With the IEDC, communicate with current business and industry in support of Business Retention & Expansion. a. Engage in informal business and industry small group meetings and explore potential format of helpful formal round tables meetings. b. Work with the Monticello Times to do a business spotlight or profile article two times per year. Objective 3: Support community quality -of -life initiatives which act as economic development tools. Strategies. 1. Encourage and support coordinated planning and development of parks, trails in or near business districts. 2. Support the development Bertram Chain of Lakes Regional Park, including community connections. 3 1 P a g e GOAL: SUPPORTING LIFE -CYCLE HOUSING CHOICE Objective(S): Evaluate the need for specific housing types and act as a partner in creating affordable housing development for the community. Strategies: 1. Complete 2020 Housing Study update to assess housing needs across the spectrum of housing choice and incorporating changing demographic trends. 2. Develop revised policy statements for housing which address the identified study needs. 3. Continue to market workforce housing development on EDA owned land along East 41n Street and Outlot A of Country Club Manor, or at other suitable sites in the City, including the Downtown. 4. Support efforts by private and non-profit entities to develop affordable housing projects utilizing state and federal programs. 5. Examine use and application of available housing TIF dollars per the 2016 TIF Management Plan and the adopted Policy Statements for Available TIF Funds. 6. Continue to periodically examine housing stock for aging or blighted properties and research development of programs for redevelopment and/or revitalization of existing housing. GOAL(S): EXPANDING TAX BASE, ATTRACTING & RETAINING JOBS Objective 1: Continue to develop and leverage available tools for business development and job creation. Strategies: 1. Continue discussion on use of tax reimbursement/abatement, including development of criteria/application. 2. Identify and communicate new or innovative state and federal programs or grants which could be leveraged to support business development. 3. Proactively support small business start-up efforts through programs and various tools available for small businesses. Objective 2. Collaborate with various local entities involved in monitoring and developing workforce training awareness efforts to address workforce needs. Strategies: 1. Continue to support the IEDC interactions within the Wright County Workforce Pathways efforts in addressing workforce needs and training. 2. Consider IEDC recommendations and be prepared to be a partner in potential solutions based on WCWFP findings. 4 1 P a g e Objective 3: Engage as a partner in local and regional planning and development opportunities. Strategies: 1. Monitor the regional planning efforts of the Central Mississippi River Regional Planning Partnership (CMRRPP) and engage with feedback as requested. 2. Consider funding and/or completing studies that provide policy and strategy framework for desired land uses/or projects in the downtown and for other programs. 3. Monitor commuter rail development in and around the Twin Cities metro region for potential benefits and opportunities to serve Monticello. Appendix: Monticello Comprehensive Plan, 2008 — Economic Development 5 1 P a g e CITY OF Monticello Economic Development Authority 44 2021 Goals & Objectives Worksheet Monticello To assist in the development of a 2021 EDA Workplan, please provide input on the following areas: 2021 Workplan The 2040 Comprehensive Plan Implementation Chapter (Chapter 9) containing the Economic Development Goals, Policies and Strategies is attached as a reference document to support the EDA's efforts to create its 2021 Workplan. The 2040 Comprehensive Plan was adopted by City Council action at the regular November 23, 2020 meeting. The Economic Development Section Implementation Chart contains a variety of Goals such as: 1. Business Attraction and Retention 2. Tax Base Expansion 3. Downtown Vitality 4. Redevelopment and Reinvestment 5. Life -Cycle Housing 6. Workforce Development 7. Promotion and Partnerships 8. Opportunity Focus Areas EDA members are being asked to review the Implementation Chart on your own time and select items that are impactful and strategic in creating a 2021 Workplan. A January 2021 Workshop session will provide ample time (if need be discussion time can carry forward to a February 2021 Workshop) for the EDA members come to a consensus on the elements of a 12- month Workplan. As a further help step, staff is also asking you to list below any incomplete or in -progress objectives from the 2020 EDA Workplan which should be considered in the 2021 Workplan or further extended into the future. Many of the 2020 Workplan items are most likely included in the 2040 Comprehensive Plan Implementation Chart although there may be a possibility that some were not noted in the Chart. 11Page Research Topics that should be considered in 2021 Please list below any economic development related topics for which you would like additional information or other policy development. Topic Demand for and viability of a Co -Work -Technology Center (incubator) in the Downtown Area Other (list out): Other (list out): 21Page IMPLEMENTATION CHART: ECONOMIC DEVELOPMENT SHORT- LONG- ONGOING UTHEME TERM TERM • Policy I.I.- Business and Strategy 1.1.1- Maintain a strong Business • Employment Retention • • ' Retain existingbusinesses and Retention and Expansion (BR&E) program to monitor opportunities for continued growth and expansion of businesses as well as the t� • • • • employers to ensure existing continued relationship development between • and future residents have access to the City and existing businesses. livable wage jobs in a diverse range Strategy 11.2 - Identify and support companies of economic sectors. that are expanding and adding employees. �f Strategy 1.1.3 - Identify and promote programs that assist existing companies in expansion and } 4s �� creation of new positions. Strategy 11.4 - Assist and support companies �. in accessing business assistance programs including financial and educational programs. Strategy 1.1.5 - Bring Businesses and Educational Organizations together to create training programs to foster new living wage opportunities. • • • - Policy 12: Local Business Support Support existing businesses in their Strategy 1.2.1— Facilitate relationships with existing businesses on the expansion, redevelopment and improvement of their 4s efforts to expand and do business buildings and facilities. in the community. Strategy 1.2.2 - Consider facade rehabilitation programs, small business loans, grants and other tools to encourage property reinvestment and support local businesses. Strategy 1.2.3 - Foster partnerships and maintain networking relationships with the goal of maintaining communication in support of existing businesses. MONTICELLO 2040 VISION + PLAN 223 IMPLEMENTATION CHART: ECONOMIC DEVELOPMENT SHORT- LONG- ONGOING THEME TERM TERM Policy 2.1. Diverse Economic Sectors • • ' • • • • Strategy2.1.1- Capitalize on the proximity to 1-94 regional transportation facilities, available�,. land and educated and skilled work force to • - - - Diversify economic sectors to create opportunities for job growth. - • • • broaden the base of available • - - . • • living wage employment in • • - • the Community. Strategy 2.1.2 - Inventory existing industry clusters and strengthen those clusters by attracting similar and complementary businesses. Strategy2.1.3 - Work with existing business clusters to expand the attraction of supply' chain companies. Strategy2.1.4 - Recognize changing land use patterns for industrial parks, and other or alternative uses such as co -working spaces. • • : • • • Policy2.2. Business Toolbox Strategy 2.2.1 - Promote economic development tools to the business community. Maintain a business development and job creation toolbox to assist Strategy2.2.2 - Develop criteria for a City tax 1 R existing and future businesses. reimbursement and abatement program. Strategy 2.2.3 - Identify and promote new and existing state and federal programs to support business development and attraction. Strategy 2.2.4 - Prepare a complete development site package for high -priority areas including a map of available parcels. Strategy2.2.5 - Certify available industrial sites as "shovel ready" to allow for faster turnaround ,> of development projects. Strategy2.2.6 - Maintain and update annually property availability maps for commercial and industrial parcels.�e 224 7'<`""' """*.7{" IMPLEMENTATION IMPLEMENTATION CHART: ECONOMIC DEVELOPMENT SHORT- LONG- ONGOING THEME TERM TERM • • • • • Policy 2.3. Local Strategy 2.3.1 - Proactively support small Partner Collaboration business start-up efforts through funding Work collaboratively with partners and programs made available by the State of Minnesota's Department of Employment, �.• to foster the attraction of Initiative Foundation and Economic !� new businesses. Development (DEED) and Wright County Economic Development Partnership. • • • • • • Policy2.4. Industrial and Business Strategy2.4.1- Identify funding sources for infrastructure and proactively engage e� Site Analysis and Availability a variety of partners to help complete the development of a new business park. Identify, plan, and develop new Strategy2.4.2 - Develop partnerships to assist industrial/business park areas to ensure site availability for with marketing and promotion of industrial/ industrial projects as existing business park areas.' areas fully develop. Strategy 2.4.3 - Monitor industrial land - absorption to help prioritize future site - development and readiness. Strategy2.4.4 - Investigate opportunities for grants, legislation, transition aid, or bonding funds to support industrial land area development. Policy3.1. Downtown Small Area Plan Strategy 3.1.1 - Develop and support the appropriate policies, programs, and incentives • • that enable the type of development described Use and implement the Downtown in the Downtown Small Area Plan. Small Area Plan as the guiding Strategy3.12 - Install improvements to the downtown as envisioned in the Walnut Street • • - document to improve, develop and redevelop Downtown. Corridor Plan. !J1 Strategy3.1.3 - Continue to build a funding base for use in property acquisition and redevelopment efforts in targeted areas. Strategy3.1.4 - Continue to support the fagade improvement program and promote to downtown business and property owners. MONTICELLO 2040 VISION + PLAN 225 IMPLEMENTATION CHART: ECONOMIC DEVELOPMENT SHORT- LONG- ONGOING THEME TERM TERM Policy 3.1. Downtown Strategy3.1.5 - Continue to meet with Small Area Plan downtown property owners either in an informal group setting or individually to understand Continue to follow and implement their concerns with traffic, parking, land use, building improvements and reinvestment in their } the Downtown Small Area Plan. property as well as willingness to sell, partner, price, etc. Strategy 3.1.6 - Encourage continued incorporation of arts as an economic �(( development tool for Downtown Monticello and the community at -large. Strategy3.1.7- Ensure trail and pedestrian/ cycle connections are considered within the downtown and from the downtown to other areas within the community. Strategy 3.1.8 - Maintain and update annually property availability maps for downtown property or property investment parcels. Policy 4.1. Redevelopment Strategy 4.1.1 - Continue to focus on site control for a potential future targeted redevelopment in ((( Continue to support redevelopment Block 52 as envisioned in the Downtown Small efforts as identified in the Area Study Plan. Downtown Small Area Plan and in strategic opportunity areas throughout the community. Strategy 4.1.2 - Develop and implement marketing of city -owned properties identified �� R for redevelopment, including Block 52, 34 and Cedar Street/Broadway site. Strategy4.1.3 - Reconnect Walnut Street to River Street in support of redevelopment. Strategy4.1.4 - Use the Block 52 redevelopment project as a catalyst and template for future redevelopment projects in the downtown area. Strategy 4.1.5- Remain open to strategic P opportunities for redevelopment throughout the community in all land use categories . 226 IMPLEMENTATION IMPLEMENTATION CHART: ECONOMIC DEVELOPMENT Policy 4.2. Revitalization Support revitalization efforts for publicly owned properties and other opportunity sites throughout the community. Policy 5.1. Housing to Support Employment Actively promote and seek opportunities for the development of a wide variety of housing types, styles and price points as a mechanism to support and attract employment. Strategy 4.2.1- Evaluate any development related processes or fees which could be modified to support or encourage reinvestment in targeted areas. Strategy 4.2.2- Research and develop reinvestment programs for targeted housing areas and other sites throughout the community for long-term investment. Strategy 4.2.3 - Use strategies identified in the Community Character, Design and the Arts Chapter in revitalization projects. Strategy 5.1.1 - Continue to market workforce housing development on EDA-owned land along East 4th Street and Outlot A of Country Club Manor, or at other suitable sites in the City, including the Downtown. Strategy 5.12- Maintain and update annually property availability maps for residential housing sites as identified in the 2020 Housing Report. Strategy 5.13- Support efforts by private and non-profit entities to develop affordable housing projects utilizing state and federal programs based on housing supply and demand data. Strategy5.1.4 - Examine use and application of available housing TIF dollars per the 2016 TIF Management Plan and the adopted Policy Statements for Available TIF Funds. Strategy 5.1.5 - Complete updates to the 2020 Housing Study and regular and appropriate intervals. Strategy5.1.6 - Continue to periodically examine housing stock for aging or blighted properties and research development of programs for redevelopment and/or revitalization of existing housing. SHORT- LONG ONGOING THEME TERM TERM MONTICELLO 2040 VISION + PLAN 227 IMPLEMENTATION CHART: ECONOMIC DEVELOPMENT SHORT- LONG- ONGOING THEME TERM I TERM Policy 6.1. Diversified Strategy 6.1.1- Continue to support ' ' - • ' ' and Skilled Workforce interactions with local organizations to address workforce needs and training. The City will collaborate with the Strategy 6.1.2 - Partner with Wright County • • , • , • • • • • • , School District, Wright County Economic Development Partnership Workforce Pathways (WCWFP) on solutions for • , , , • and other local entities involved training and education programs. in monitoring and developing � � • � workforce training awareness Strategy 6.1.3-Promote Central Minnesota efforts to address workforce needs. Jobs &Training Services as an option to community college or university for students seeking alternative careers in the trades manufacturing, and similar sectors and create a plan to market financial tools which support living wage employment as a primary focus. Policy Z1: Strategy 7.1.1- Identify community partners � • • ' Public Relation Strategy that can be regularly engaged and advised on economic development activities and events. • • • • • - ' • Create and maintain a Strategy7.1.2 - Support the development of an • ' ' • • • • • • comprehensive Marketing • • �' - • • ' • - and Communication Strategy for economic development brand and utilize it in all ' • • ' priority sectors, available sites economic development activities. and opportunities. Strategy 7.1.3-Enhance the brand and tell the story of Downtown Monticello. ))) Strategy 7.1.4 - Regularly update information about available development sites. Strategy 7.1.5- Marketing EDA incentive programs in a more proactive manner, both within the community and beyond. • Present existing and new incentive programs to smaller community groups, local banks, realtors, and local businesses either in an informal group session or a formal round table format. • Develop and communicate a "complete" development package program which provides support and assistance to prospects and developers from inquiry to construction. 228 IMPLEMENTATION IMPLEMENTATION CHART: ECONOMIC DEVELOPMENT SHORT- LONG- ONGOING THEME TERM TERM Policy 71; Strategy Zt6 - Market industrial development ' • • Public Relation Strategy of the business/industrial areas to a broad variety of prospects as guided by the current and future Comprehensive Plan., • Focus on prospects which serve or rely on the St. Cloud and Twin Cities markets. • Focus on supply chain prospects. Policy 7.1: Partnerships Strategy 7.2.1- Engage in the regional planning efforts of the Central Mississippi River Regional Engage as a partner in local and Planning Partnership (CMRRPP) to allow for the regional planning and continued development of the community. development opportunities. Strategy7.2.2 - Consider funding and/or completing studies that provide policy and strategy framework for desired land uses/ or projects in the downtown and for other development opportunities and programs. Strategy 7.2.3- Monitor commuter rail development in and around the Twin Cities metro region for potential benefits and opportunities to serve Monticello. Policy 8.1: Strategy 8.1.1 - Maintain open lines of • • • • ' ' • Opportunity Focus Areas communication with property and business •* owners to understand their long term' • • . , Recognize the opportunity development objectives. focus areas of the city as the Strategy8.1.2 - Consider tax strategies, loans, locations with optimal conditions for attracting reinvestment and grants, and other financing mechanisms to boost the overall improvement of the reinvestment and improvements. appearance and character of these areas. Strategy8.1.3 - Encourage public infrastructure investment in these areas to encourage private investment. !!! MONTICELLO 2040 VISION + PLAN 229